Nowadays, organizations have started taking note of ethical sourcing. Since everything is going green or electric, individuals and organizations have become more than aware of the environment. Ethical sourcing is an approach that an organization adopts actively and consciously makes continuous efforts to procure and distribute the goods without har…
Manufacturing
Know the latest trends in the manufacturing industry worldwide. What new technology is being used or how is the supply chain being benefitted, know it all in this Manufacturing section of Mr. Business Magazine.
The international trade is the reason why brands are so much in buzz. Especially, since the digitalization, brands have become more aware about the importance of making their products available on a global level. The uninterrupted flow of goods across borders and the seamless coordination of various stakeholders are vital for the health of internat…
Businesses have changed the way they function. The invasion of smart factories has caused a major shift in the manufacturing sector. Smart techniques like the Industrial Internet of Things (IIoT), cloud platforms, Artificial Intelligence (AI), and machine learning have invaded and eased manufacturing operations. The factories are upgraded with embe…
Brands strive for business sustainability at all times. It is never enough for them. Over the past two decades, consumers have had access to a number of products. The global products and services have become accessible for almost everyone who has an internet connection. So, the manufacturing capabilities also grew in quantity due to the higher dema…
A digital twin is a digital representation of a physical object, process or person represented in a digital version. Digital twins in manufacturing can help to simulate real situations allowing to enhance production methods and bring in efficiency. The concept of digital twins in manufacturing will help factories and industries function without alm…
A supply chain resilience is the ability to respond quickly to disruptions in the operational activities. Via flexible contingency planning and forecasting all activities are well-managed by organizations. A supply chain is recognized from its capacity to for resistance and recovery. Operational risk and interruption can threaten multiple areas of …
The awareness around the purchase decisions of buyers has made them aware of the loss it is causing to the environment. Sustainable manufacturing helps buyers to make better purchase decisions. Consumers have started accepting products that are environment friendly. It is not just a buzzword; it's a powerful solution to the environmental challenges…
The invasion of smart manufacturing has compelled factory owners to reschedule their plans. They need to be smart enough to fully leverage the technology smart manufacturing technique offers. It is a cluster of enhancing the process of manufacturing which will reduce costs and help to enhance the process. It is a process which accommodates data, pr…
In an era defined by environmental consciousness and the pressing need to combat climate change, the manufacturing industry finds itself at a crossroads. Traditional manufacturing practices have often prioritized efficiency and profit over environmental concerns, leading to significant negative impacts on the planet. However, there is a growing rec…
Quality control is a critical aspect of the manufacturing process, ensuring that products meet the desired standards of excellence before they reach consumers. Traditionally, quality control relied on human inspection, which was both time-consuming and prone to errors. However, with the advent of artificial intelligence (AI) and machine learning, m…
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